How Much is 0.1 Lot in Forex? - 0.1 Lot Forex - Definition of a Mini Lot

0.1 Lot in forex is equivalent to 10,000 units of currency - Mini Lot Forex.

0.1 Lot is a Mini Forex Lot

The minimum price movement for a 0.1 Lot or Mini Lot Forex is 1 dollar

Mini Account for Mini Lots - Mini Lot Account

A Mini Account is one that allows forex traders to make forex trades using mini lots. A mini contract is equivalent to $10,000 which is one-tenth that of a standard lot. Brokers offer mini contracts as a way to attract traders who don't have a lot of capital - as a minimum required beginning capital is about $1,000 USD

Forex Mini lots are similar to forex standard lots: however, mini lots are traded in lots of 10,000 units of currency rather than 100,000 units. This lowers the initial deposit that is required to open a mini account and offers better risk management for investors without a lot of capital.

This mini account is recommended for those with only a few thousand dollars as capital.

If an exchange rate for EURUSD is quoted at 1.400, then the smallest trade transaction size available in a mini account is worth $14,000 used to buy 10,000 EUR. With leverage of 100:1, this is only $140 of your money.

A mini account is suitable for equity balances between $5,000 and $10,000. The mini lots are smaller so the traders without enough capital to open standard lots have better money management for their forex account equity balance.

For Mini Lots Forex - Minimum Price Movement of 1 pip = $1